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    12 Law Dr Silver Bay, MN 55614-1136

    • Office buildings
    • 1,288 SF
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US46-1790759
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Silver Bay Baptist Church / Baptist Church

    Property Details for 12 Law Dr

    Year built
    1980
    Property size
    1,288 SF
    Property type
    Office buildings
    APN
    22-7520-30030
    APU
    22752030030

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Silver Bay
    County
    Lake
    State
    Minnesota
    Longitude
    -91.287
    Latitude
    47.288
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $14,600
    $149,200
    $163,800
    -
    $14,600
    $149,200
    $163,800

    Comparable in this City

    • Value Estimation by Request
      10,904 SF

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      OFFICE BUILDING • 10,904 SF
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    • Value Estimation by Request
      78,000 SF

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      OFFICE BUILDING • 78,000 SF
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    • Value Estimation by Request
      5,797 SF

      5486 Hwy 61

      OFFICE BUILDING • 5,797 SF
      5486 Hwy 61, Silver Bay, MN 55614-4211
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    • Value Estimation by Request
      3,038 SF

      87 Banks Blvd

      OFFICE BUILDING • 3,038 SF
      87 Banks Blvd, Silver Bay, MN 55614
      View Details
    • Value Estimation
      $655,000
      3,000 SF

      85 Outer Dr

      OFFICE BUILDING • 3,000 SF
      85 Outer Dr, Silver Bay, MN 55614-1132
      View Details
    • Value Estimation
      $230,000
      7,936 SF

      97 Outer Dr

      OFFICE BUILDING • 7,936 SF
      97 Outer Dr, Silver Bay, MN 55614-1132
      View Details

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    12 Law Dr
    Silver Bay, MN 55614-1136
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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